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U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

Total results include the total labor force, total unemployed, total discouraged, and the make up of the jobs created

Incorrect. Those are just categories, where as results would be categorical data within a specific constraint(i.e. time). More effort is needed.
 
Incorrect. Those are just categories, where as results would be categorical data within a specific constraint(i.e. time). More effort is needed.

Read the site and get an analysis of the numbers. The total results include numbers and you cannot ignore the total unemployment, breakdown of those numbers by age and by industry, the discouraged and why.

Obviously your book smart attitude ignored basic research ability and if you spent more time looking at actual data instead of what economists tell you, you might gain some credibility.
 
The lower limit of where personal wealth really is. The true value is somewhere between GNP and PPR. But of course, I shouldn't have to explain to you why government expenditures aren't entirely efficient.

And you do not have to explain efficiency to me. However, you should disclose that while bureaucratic institutions are statically more efficient, there are instances where "stabilization" policies have shown greater dynamic efficiency (i.e. zero bound monetary policy vs deflation inducing lending aka high spreads).



Yeah, if you think that trying to blow up another bubble is a good idea.

There are always going to be bubbles (as they are a byproduct of market systems and human behavior). The key to optimal policy is to identify them and deflate them slowly (or in a more orderly fashion).
 
Read the site and get an analysis of the numbers. The total results include numbers and you cannot ignore the total unemployment, breakdown of those numbers by age and by industry, the discouraged and why.

But i did not make any claims pertaining to the "numbers". So it is your responsibility to support/source your claims.

Obviously your book smart attitude ignored basic research ability and if you spent more time looking at actual data instead of what economists tell you, you might gain some credibility.

My "book smart attitude" has nothing to do with the topic at hand, nor have i displayed any sort of inapt ability to researching data. The fact you feel the need to consistently attack me, and not the basis of my statements confirms my original suspicions.
 
But i did not make any claims pertaining to the "numbers". So it is your responsibility to support/source your claims.



My "book smart attitude" has nothing to do with the topic at hand, nor have i displayed any sort of inapt ability to researching data. The fact you feel the need to consistently attack me, and not the basis of my statements confirms my original suspicions.

Yours confirms my orginal suspicions about you as well. When the numbers are posted you ignore them just like you did with the ones showing GDP, Govt. Revenue, and job creation AFTER the Reagan and Bush tax cuts thus refuting the statement that tax cuts cause deficits.

BLS.gov will show you 15.26 million unemployed people or 255 thousand more than last month, 1.2 million discouraged workers which means that 3 out of the four months of this year the discouraged workers is over a million which has never happened in modern history. BLS will show you by age group where the unemployment is and by industry as well. I don't blame you from going and researching the site

Labor Force Statistics from the Current Population Survey
 
Yours confirms my orginal suspicions about you as well. When the numbers are posted you ignore them just like you did with the ones showing GDP, Govt. Revenue, and job creation AFTER the Reagan and Bush tax cuts thus refuting the statement that tax cuts cause deficits.

I never ignored anything you posted; in fact i made multiple attempts to discus the data, of which you completely dismissed without any indication as to why except for the usual "because it makes the most sense" argument. I advise you stay on topic.

BLS.gov will show you 15.26 million unemployed people or 255 thousand more than last month, 1.2 million discouraged workers which means that 3 out of the four months of this year the discouraged workers is over a million which has never happened in modern history. BLS will show you by age group where the unemployment is and by industry as well. I don't blame you from going and researching the site

A little better, but still lacking any sort of quality and/or insight. You could have however been a good champ and posted the data with some specific analysis. for example:

April 2010 labor force: + 805,000 (154715 - 153910). Then you could offer some insight as to why the labor force grew such as; graduations, improved employment expectations, market participation rate increase, etc... and maybe some analysis on the particular factors. You know, something other than an unsupported opinion. Adherence to such a standard greatly increases the informativeness of the debate/discussion.

But instead, you resort to ad homs and partisan talking points.
 
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I never ignored anything you posted; in fact i mate multiple attempts to discus the data, of which you completely dismissed without any indication as to why except for the usual "because it makes the most sense" argument. I advise you stay on topic.



A little better, but still lacking any sort of quality and/or insight. You could have however been a good champ and posted the data with some specific analysis. for example:

April 2010 labor force: + 805,000 (154715 - 153910). Then you could offer some insight as to why the labor force grew such as; graduations, improved employment expectations, market participation rate increase, etc... and maybe some analysis on the particular factors. You know, something other than an unsupported opinion. Adherence to such a standard greatly increases the informativeness of the debate/discussion.

But instead, you resort to ad homs and partisan talking points.

there is nothing partisan and political about reporting 15.2 million unemployed people and 1.2 million discouraged workers.

The increase in labor force however is due to a number of factors including graduation but also probably to unemployment insurance running out as well.

The fact is this economy has to have sustained growth of about 5% to make any dent in unemployment and the job creation last month was insignificant in the total number and gives no support to the additional 255,000 added to the unemployment number.

One would have thought that the emergency legislation signed the first of February 2009 that was designed to stimulate the economy would have generated better results by now. Would you please explain to me why this emergency legislation that had to be passed immediately to keep unemployment from exceeding 8% has only been 1/3 spent?

This Administration is the one making this political. They blame everyone else but themselves for the crisis we have today and then there are people like you that defend them. Instead of questioning as more a doing each day you continue to carry their water and never question what they tell us.

You claim the stimulus should have been doubled yet only 1/3 of the original has been spent. We could make it triple and if it isn't spent what good is it. How long are you going to accept what this Administration tells you and hold them accountable for the actual results?
 
there is nothing partisan and political about reporting 15.2 million unemployed people and 1.2 million discouraged workers.

Of course not, but this was not the extent of your post.

The increase in labor force however is due to a number of factors including graduation but also probably to unemployment insurance running out as well.

Maybe to a point, but people receiving unemployment insurance are still "in the labor force".

The fact is this economy has to have sustained growth of about 5% to make any dent in unemployment and the job creation last month was insignificant in the total number and gives no support to the additional 255,000 added to the unemployment number.

Make sure to consider the meaning of being unemployed; "actively seeking employment and not obtaining it". The fact that this number has increased is a testament to people entering the labor market. Those receiving unemployment insurance decreased 7000 last month.

One would have thought that the emergency legislation signed the first of February 2009 that was designed to stimulate the economy would have generated better results by now.

Not with its lack of size, focus, and timing concerns.

Would you please explain to me why this emergency legislation that had to be passed immediately to keep unemployment from exceeding 8% has only been 1/3 spent?

It takes a considerable amount of time to finance this project, as well as other spending obligations from the federal government (wars, aid, etc....). They could have offered higher coupons, yet that would have a negative impact on credit markets/spreads as well as induced a sovereign debt bubble with the federal funds rate at the zero bound.

This Administration is the one making this political. They blame everyone else but themselves for the crisis we have today and then there are people like you that defend them. Instead of questioning as more a doing each day you continue to carry their water and never question what they tell us.

This administration was not in power when this crisis began.

You claim the stimulus should have been doubled yet only 1/3 of the original has been spent. We could make it triple and if it isn't spent what good is it. How long are you going to accept what this Administration tells you and hold them accountable for the actual results?

I do not care about what the administration tells me; there was strong political opposition to the stimulus as is, and would have been even more unpopular if the price tag was around 10% GDP (as the successful Chinese stimulus was).
 
Of course not, but this was not the extent of your post.



Maybe to a point, but people receiving unemployment insurance are still "in the labor force".



Make sure to consider the meaning of being unemployed; "actively seeking employment and not obtaining it". The fact that this number has increased is a testament to people entering the labor market. Those receiving unemployment insurance decreased 7000 last month.



Not with its lack of size, focus, and timing concerns.



It takes a considerable amount of time to finance this project, as well as other spending obligations from the federal government (wars, aid, etc....). They could have offered higher coupons, yet that would have a negative impact on credit markets/spreads as well as induced a sovereign debt bubble with the federal funds rate at the zero bound.



This administration was not in power when this crisis began.



I do not care about what the administration tells me; there was strong political opposition to the stimulus as is, and would have been even more unpopular if the price tag was around 10% GDP (as the successful Chinese stimulus was).

Democrats controlled Congress since January 2007 and are just as responsible as Bush for the mess we are in today and now with the WH and the Congress are totally responsible for the mess we still have today.

We were not told that the stimulus would take 2 years to be spent and was supposed to be for shovel ready jobs. It was a lie then and a lie now.

It doesn't make any difference as to the amount of the stimulus if you don't spend what you are given. There is no question that a stimulus was needed but not what Obama jammed through the Congress as emergency legislation. Most of what he is doing could have been handled as part of the normal budget process instead of emergency stimulus and he could have come up with a more meaningful stimulus for the private sector that would have had immediate impact and thus immediate benefit.
 
And if stimulus money is the answer, why is so much of it still unspent? (I shudder what it will be ultimately used for....perhaps Democrat campaign expenses/advertisements?)
 
And if stimulus money is the answer, why is so much of it still unspent? (I shudder what it will be ultimately used for....perhaps Democrat campaign expenses/advertisements?)

Could it be that they are only spending it where they think it will do the most good and trying not to waste it..

The way things are looking there is no cure to what ails this country. The hole we have dug for ourselves over the last decade is just way too deep.
 
Could it be that they are only spending it where they think it will do the most good and trying not to waste it..

The way things are looking there is no cure to what ails this country. The hole we have dug for ourselves over the last decade is just way too deep.


Is that the way it was sold after the election? What is a stimulus plan in your world? What did Obama say about this one? Does the word shovel ready mean anything to you?

There is an easy way out of this recession but liberals never will do it, cut taxes and put money immediately into people's hands, even yours. Works every time. The economy Reagan inherited was worse. Obama is doing the exact opposite of Reagan except growing the debt worse. If he doesn't stimulate economic growth he is going to bury us. Govt. spending doesn't do that well enough as it takes the private sector to grow the economy.
 
You have already been exposed to the thought behind forgoing tax cuts when we are so privately indebted, and at the zero bound. Try not and spread false hope.
 
Could it be that they are only spending it where they think it will do the most good and trying not to waste it.

What's so strange is that there is no "it". There is no money, so there is no account in which to put "no money."
 
You have already been exposed to the thought behind forgoing tax cuts when we are so privately indebted, and at the zero bound. Try not and spread false hope.

I posted the results that showed job creation, economic growth, and greater revenue to the govt. The tax rate cuts did not cause the deficits not when they grew govt. revenue.
 
Democrats controlled Congress since January 2007 and are just as responsible as Bush for the mess we are in today and now with the WH and the Congress are totally responsible for the mess we still have today.

The housing bubble, financial crisis that followed after it had burst, and severe recessions that developed were more than merely a consequence of bad public policy (tax incentives for real estate, financial deregulation/lack of robust enforcement of regulations, cheerleading housing, etc.). Needless to say, the policy decisions that contributed were bipartisan and some of them predated President Bush's tenure. At the same time, the bubble was not solely a matter of public policy. International capital flows, technological change, financial market innovation, a household borrowing binge, bad risk management in the financial sector, inherent flaws in the ratings procedures, "new age" economic thinking that overlooked the reality that markets are not always efficient and their participants are not always rational, were among other factors made the bubble possible. As a result, a credit boom coupled with a mania to make possible the enormous housing bubble.

There is no question that a stimulus was needed but not what Obama jammed through the Congress as emergency legislation.

The stimulus bill was imperfect. A sizable share of the stimulus ie., its tax provisions, enhanced Medicaid funding, etc., were political elements aimed at garnering sufficient support for the legislation. They were not designed to shore up/increase aggregate demand.

Pure stimulus focused on aggregate demand e.g., increased infrastructure investment, etc., would have delivered more bang for the buck. Nonetheless, in its April 2010 World Economic Outlook, the IMF noted that the U.S. fiscal stimulus added a full percentage point to 2009 GDP.

It should be noted that a number of the stimulus bill's opponents wanted no stimulus package whatsoever, even as such inaction would have led to a markedly worse economic contraction/job loss. That the unemployment rate rose much higher than some of the stimulus package's advocates had expected only revealed that they had underestimated the magnitude of the economic contraction. Other opponents, some of whom railed against the rescue of the financial system that, if it had collapsed would have resulted in a deflationary Depression, actually wanted a massive bailout of homeowners. While such a bailout would have softened the impact of the decline in housing prices, it would have done nothing to avert a Depression once the financial system collapsed.

Where policy makers should cooperate going forward is developing a credible fiscal consolidation program and implementing it beginning next year should the economy continue to grow. But, at least at this point, it appears that ideology will likely trump the politically courageous decisions required to launch such a program. Instead soothing fairy tales that the economy will magically grow its way out of the nation's imbalances, sparing policy makers of the less popular need to impose a combination of discretionary spending cuts, mandatory spending reform, and tax increases. That's exactly the kind of denial that has gotten other countries into ever deeper fiscal difficulty.
 
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Could it be that they are only spending it where they think it will do the most good and trying not to waste it..

Ok, I laughed out loud at that one


At least $55 billion of U.S. stimulus funds that President Barack Obama promised would jumpstart the economy and put Americans back to work will likely be lost to waste, fraud and abuse, according to an investigation that reviewed thousands of programs nationwide.

Already, at least $5.5 billion of the administration’s massive $787 billion American Recovery and Reinvestment Act have gone to wasteful projects across the country, including a $3 million turtle crossing in northern Florida, the $10 million renovation of an abandoned train station that has been shut for three decades and 10,000 dead people getting Social Security stimulus checks.



Billions In Stimulus Funds Wasted | Judicial Watch



I appreciate the laugh though
 
Ok, I laughed out loud at that one


At least $55 billion of U.S. stimulus funds that President Barack Obama promised would jumpstart the economy and put Americans back to work will likely be lost to waste, fraud and abuse, according to an investigation that reviewed thousands of programs nationwide.

Already, at least $5.5 billion of the administration’s massive $787 billion American Recovery and Reinvestment Act have gone to wasteful projects across the country, including a $3 million turtle crossing in northern Florida, the $10 million renovation of an abandoned train station that has been shut for three decades and 10,000 dead people getting Social Security stimulus checks.



Billions In Stimulus Funds Wasted | Judicial Watch



I appreciate the laugh though

I said trying not to waste it. Of course like everything much of it will be wasted. Just like the billions that got misplaced and wasted in Iraq.
 
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I said trying not to waste it. Of course like everything much of it will be wasted. Just like the billions that got misplaced and wasted in Iraq.

It diverts animals (turtles, alligators, etc) to culverts underneath the highway that was built on a lake bottom - the animals natural habitat - to keep them off the roadway creating a hazard for the invading motor traffic. It's a safety issue, for people as well as animals. The project was going on well before the stimulus. The stimulus just gave them some needed funding.


LOL...How many of those dead people do you think cashed those SS checks? It's kinda like the claims that ACORN registered Mickey Mouse to vote. Mindless Fluff...LOL


Cons are funny. Funny cons.
 
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